Energy Future HY Deal Could Face Pushback

Sheahan, Matthew
April 2011
High Yield Report;4/11/2011, Vol. 22 Issue 15, p19
The article discusses the high yield bond deal to be launched by Energy Future Holdings on April 2011. The bond, comprised of 1.875 billion U.S. dollars in senior secured notes, will be issued through the company's Texas Competitive Electric Holdings Co. (HTECH) subsidiary. Based on reports, the company can use the proceeds from the bond deal to repay 770 million U.S. dollars worth of term loan debt. Gary Pokrzywinski of Strategic Income Management claims that investors are more often motivated by the search for yield in the current market climate.


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